Michael Dicks, chief economist at Barclays Wealth, reckons a debt-for-debt swap, originally suggested in Financial News, can resolve the financial headache facing troubled peripheral economies in the eurozone: Greece, Ireland and Portugal.

The idea was raised in Financial News this month by Roy Smith 

 who argued Europe should learn lessons from 1988, when the Mexican government offered to exchange new 30-year US dollar bonds for problematic dollar-denominated bank loans.

Barclays Wealth favours European debt-for-debt swap

The chief economist at Barclays Wealth seconds the theory that a European version of Brady Bonds could help resolve the debt crisis in the eurozone

Mike Foster

Barclays

Why hedge funds are paying $25,000 a month to interns: ‘They aren’t just doing coffee runs’ 

Here’s how crypto hedge funds performed in January 

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

https://images.fnlondon.com/im-81781958?size=1.5

Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

https://images.fnlondon.com/im-06153452?size=1.5

The London-based bank said it is cooperating with the investigation.

Barclays Faces Probe From U.K. Regulator Over Money-Laundering Controls

Moscow has suggested that Washington has been responsible for prolonging the war and that it alone can agree with Russia on ending it.

By Matthew Luxmoore | Photographs by Serhii Korovayny for WSJ 

Putin Gets What He Has Long Wanted: Direct Talks With U.S.

The move ends months of speculation over how the company would move ahead with its plans to separate the business.

Unilever Picks Amsterdam Over London for Ice Cream Unit’s Primary Listing 

The regulator plans to speed up its decision-making on large deals amid concern its probes could be having a chilling effect on investment.

U.K. Competition Watchdog Targets Faster M&A Reviews

Tariff fears have roiled gold markets, pushing JPMorgan and others to stash bullion on passenger planes to sell at record prices.

Why Dealers Are Flying Gold Bars by Plane From London to New York

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